How to Get Your Stimulus Check Faster (UPDATE) and What I Would Do With It
Through this coronavirus pandemic, the US government has stepped up, put together a bill and have sent Federal stimulus check your way. President Trump signed it in and boom here we go. That’s why the biggest question I am getting on social media is how to get your stimulus check faster. So, in this post, I am going to talk about how you can do it faster, what it’s gonna look like, and what I would be doing if I were you.
1. How To Get The Check Faster
So, the number one thing is to manage expectations. You need to manage and be patient for the next week or two. Second thing is that you don’t have to do anything special if you filed your federal tax returns from 2018 to 2019. With that being said, there are some sources that you can file your taxes from 2018 to 2019 through turbo tax.
If you are in a position where you are not required to file a federal income tax, there is still a few paperwork that you need to file and that is located on the IRS’s website. Also, if you have filed the 2018-2019 taxes, you need to make sure that the IRS has your bank account information. This way, they can direct deposit your stimulus money into your account.
2. What Will The Check Look Like?
The US government has come up with several parameters to give you the stimulus money. To know exactly how much you will get, you can go to a website called www.turbotax.intuit.com and input the information that pertains to you. The amount of money you receive will depend on a number of factors. The amount you make per year, whether or not you are married, the number of children you have, whether or not you have filed your taxes in 2018-2019, and more.
3. What To Do With The Check?
This is a better question. You need to plan your financial future and you need to do it today. You need to dream big and be a millionaire. This is not just to live a luxurious life. In fact, you will need that much money to live and raise your kids. It is estimated that the expenses you incur on raising a child until the age of 18 is somewhere around $250,000. So, if you have 3-4 kids, you definitely need a million dollars during the 18 year period.
Most people are probably going to blow this money. But if you can, you should use it as your seed money to build the career of your dreams. You can use the opportunity to be the next wave of six-figure earner or a seven-figure earner. This dreaming big might annoy some of your family and friends but you got to ignore that.
You should also do your very best to stack up on rations during this crisis. Make smart choices now to lead an easier life in the future.